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Old 07-03-2012, 07:09 AM
 
142 posts, read 129,716 times
Reputation: 137

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We are thinking of putting in a new kitchen. The cupboards I think we will keep, too expensive and the ones we have are fine. How much does it help if you have stainless steel appliances and solid surface tops and a nice back splash in tile? If I can do it for 3000 dollars can I make money on it?
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Old 07-03-2012, 07:26 AM
 
Location: Port Charlotte, FL
3,961 posts, read 8,458,122 times
Reputation: 1853
Yes, updating a kitchen will add cost effective value to your home. As long as you are not going overboard, which sounds like you aren't, you will get a good return on your investment. Many investors that buy homes put money into kitchens and flooring. I say - go for it.
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Old 07-03-2012, 07:43 AM
 
Location: Punta Gorda and Maryland
6,102 posts, read 13,044,280 times
Reputation: 1220
Quote:
Originally Posted by TamRE View Post
Yes, updating a kitchen will add cost effective value to your home. As long as you are not going overboard, which sounds like you aren't, you will get a good return on your investment. Many investors that buy homes put money into kitchens and flooring. I say - go for it.
I buy and sell homes all the time. I think that the upgrades you mentioned are worth doing. Will you make money on them - that is questionable - if you are planning on living there and using them - then I'd say no. If you are going to put in new, and sell them as new - then yes. In either case though, the upgrade will help you sell your home faster. Things are still marginally selling at cost - so thinking your going to get a windfall for the improvements - the answer is no - everyone is putting in better counters and appliances when they are trying to sell - so you won't make much, but you will keep up with what everyone else is doing and it will help you sell sooner. If you don't then you house will look dated and less appealing.

I hope the logic I offered helps with your decision. The market is improving now - there is less homes on the market and prices are rising - so Good Luck with you choices! You're in a much better spot today than you were 2 years ago - that's a fact!
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Old 07-04-2012, 08:14 AM
 
Location: Florida, Baja Sur & Alaska
207 posts, read 191,062 times
Reputation: 47
Had granite in our last home, Deborah did not like it at all, too noisy. Have formica here and are very happy with it...
But I think granite would increase your chance of selling..."The in thing" right now I guess.
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Old 07-04-2012, 08:52 AM
 
Location: englewood
1,580 posts, read 2,685,376 times
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i think it all depends on the condition of the rest of the house.

even if you break even, if it helps you sell faster and gets women to say they just have to have that house cause of the kitchen then its worth it.
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Old 07-04-2012, 10:27 AM
 
142 posts, read 129,716 times
Reputation: 137
I am installing the back splash in slate myself since I did floor covering for years. Its almost done and looks great. My wife was not sure of the extra 2500 for new tops and back splash and microwave in SS but now she thinks its great. Nice 60/40 deep sink with single handle faucet with pull out sprayer. Very up to date now. I think it would be easy to get the 2500 back out of it if we market it. We are not going to sell before the next two to ten years depending on several factors. By then I hope the economy keep going in the right direction.
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Old 07-04-2012, 11:26 AM
 
Location: Punta Gorda and Maryland
6,102 posts, read 13,044,280 times
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if you thinking of staying 10 years, then the price in pride and happiness alone is well worth it! ;-)
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Old 07-04-2012, 11:31 AM
 
35,121 posts, read 39,895,889 times
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In my opinion Stainless appliances are gaudy and look terrible and give you more cleaning time trying to keep all of the fingerprints gone all the time. Personally I would never even think about purchasing a home that already has stainless appliances however, that is my personal preference.
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Old 07-04-2012, 11:45 AM
 
1,579 posts, read 2,776,718 times
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The color or style of appliances would NEVER be a deal breaker for me. If I LOVED the home I would be willing to sell what was there and buy what I wanted. I always looked at the HOUSE. This house came with a fridge I HATED. I sold it and got what I wanted. That simple.
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Old 07-04-2012, 11:51 AM
 
Location: Punta Gorda and Maryland
6,102 posts, read 13,044,280 times
Reputation: 1220
Quote:
Originally Posted by CSD610 View Post
In my opinion Stainless appliances are gaudy and look terrible and give you more cleaning time trying to keep all of the fingerprints gone all the time. Personally I would never even think about purchasing a home that already has stainless appliances however, that is my personal preference.
It may not help your opinion of "gaudy", but now they have Stainless Steel appliances that have a different finish and don't leave the "fingerprint" marks like the earlier models.

Personally I like the look of Stainless Steel. And, I think Stainless Steel is more durable than the baked enamel finishes.
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